FairCoin is endorsed by FairCoop, the Earth cooperative for a fair economy.
FairCoin features PoC (proof-of-cooperation)!
Read the FairCoin V2.0 white paper.
- FairCoin is the first fairly distributed crypto currency.
- 99.99% Proof-Of-Stake, rewarding savers.
- All the coins were premined and fairly distributed to thousands from all over the world.
- Backed by a strong, diverse and committed community.
- Promotes prosperity and financial freedom with real value.
- Working to become the coin of fair trade.
What is FairCoin?
All current cryptocurrencies require you to buy the coins, either through mining or through exchanges. This gives the advantage to those who already have capital and mining equipment, and can afford risky investments. FairCoin is the first project where the coins are not bought but rather distributed equally between everyone who wants them regardless of their current financial status, and promotes equality.
FairCoin is a crypto currency like Bitcoin. It is a descendant of Peercoin, meaning the block generation is done by PoW/PoS hybrid.
FairCoin is a decentralised virtual currency, distributed through a vast airdrop process during the 6th and 8th of March, 2014 (view airdrop statistics). An approximate 49,750 addresses were logged for the giveaway, each able to claim 1000 FAIR per hour. Automated airdrop claiming methods had no effect, as each IP address could register once per hour, and 2 different captchas had to be solved. These security precautions were hidden till the day of distribution. FairCoin's vast distribution method allowed a good portion of the cryptocurrency community to claim a little bit of the 50,000,000 FairCoins, each.
- Grøstl PoW/PoS Hybrid
- 50,000,000 Premined Coins distributed through the airdrop on March 6th and 8th, 2014
- Flat 6%/year minting reward, halving every year until reaching the baseline of 1.5%
- 21/90 days Min/Max Weight
- 10 Minutes Block Target
- 30 Minutes Difficulty Retarget for PoS
- DGWv3 retargeting after every block for PoW
Linux: faircoin-linux-v1.5.1.tar.bz2 (sha1sum: 0c3cb72be68ccd48a76185375780b15eccef8af0)
Windows: faircoin-win-v1.5.1.zip (sha1sum: c1b192c5d69e152c0d9aa0fcbbee4cd567b1af28)
Mac: FairCoin-v1.5.1.dmg (sha1sum: 9764649ba88ab7a5b0cebe045aeea6faaf144be6)
Raspberry PI: faircoin-rpi-v1.5.1.tar.bz2 (sha1sum: b14a960b10897fbf44a51fddf1e4e1cf861dd327)
Sources: https://github.com/FairCoinTeam/fair-coin.git (For current version checkout branch/tag v1.5.1)
Please note that it is very important to backup your wallet on a regular basis. You can do this by selecting Backup Wallet from the file menu and then save your wallet backup file in a save location.
It is also highly recommended to encrypt your wallet to save your coins from unauthorized access. You can do this by selecting Encrypt Wallet... from the file menu. Please use a very strong passphrase to sufficiently protect your coins.
See here for assistance on how to create a secure password: How you can create a secure password you can remember.
A new block explorer is in development
https://getfaircoin.net (Buy FairCoins directly with credit card, paypal or wire transfer)
Realtime network data:
Connected nodes: 36
Money supply: 51883100.089555